Many property owners don’t want to hire a property management company to save a few dollars, but self-management comes with its own set of challenges. Property management requires a lot of time and energy. In order to decide what option is the best, you must be aware of and understand the duties you will be… [Continue Reading]
Landlord Insurance
Whether you own one rental property or 200, you want to make sure you and your investments are properly protected. Global warming increases natural disasters. They are becoming more common, 2018 was the fourth-costliest year for natural disasters in history, according to MunichRe. They cost $160 billion, of which only half was insured. As a… [Continue Reading]
Tenant Onboarding Process
The tenant onboarding process is the tenant’s first impression of you as a landlord. This is where your tenant-landlord relationship will start. Remember customer satisfaction is the key to any business and property management is no exception. So, as a landlord, a good tenant relationship should be a priority. The tenant onboarding process is a… [Continue Reading]
Rent Collection
A vital part of being a landlord is rent collection. Rent collection is more than just telling your tenants how much is due and when it is due. It is important that you have a good rent collection method in place for you and your tenants if you want to get paid on time. An… [Continue Reading]
Main Inspections You Should Conduct
Purchasing a rental home is probably one of the largest investments you will ever make. You want to keep your investment in great shape. Lack of regular maintenance to your property could jeopardize its value. Property inspections are vital, and they can prevent problems before they become serious issues that can lead to costly repairs…. [Continue Reading]
Renting Below Market Value Consequences
Although it is legal to rent your property below the market value it is not the best idea. Let’s say that you want to rent your property below the market value as a favor to family relative or friend, you might be doing them a favor but at the long run, it will have a… [Continue Reading]